Form 4: Church & Dwight Executive Acquires Phantom Stock Units

Patrick de Maynadier, an executive at Church & Dwight, acquired phantom stock units convertible to common stock under the company's deferred compensation plan.

Summary

• Patrick de Maynadier, an Executive Vice President, General Counsel, and Secretary at Church & Dwight Co Inc, acquired 15.58 phantom stock units on December 31, 2024.
• These phantom stock units are convertible to common stock on a 1-for-1 basis.
• The phantom stock was acquired under the Church & Dwight Co., Inc. Deferred Compensation Plan.
• The phantom stock will be settled in cash at a time prescribed by the plan.
• Following the transaction, Mr. de Maynadier directly owns 15,470.905 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither particularly positive nor negative. It is a normal part of corporate governance and executive pay practices.

Future Outlook

The phantom stock units will be settled in cash at a future date as prescribed by the deferred compensation plan.

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies. It reflects the company's use of deferred compensation plans as part of its overall executive pay strategy.

Comparison to Industry Standards

• Deferred compensation plans, including phantom stock, are a common component of executive compensation packages in publicly traded companies, particularly in the consumer goods sector.
• Companies like Procter & Gamble (PG) and Colgate-Palmolive (CL) also utilize similar compensation structures to align executive interests with long-term shareholder value.
• The specific terms of the plan, such as the vesting schedule and settlement method, are typical for these types of arrangements.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is part of an existing compensation plan.
• The acquisition of phantom stock aligns executive interests with the long-term performance of the company.

Key Dates

Keywords

phantom stock, deferred compensation, executive compensation, insider trading, Church & Dwight, CHD